I previously worked at a company for 11 years. The job was a major step up from my last positions, so I planned to work there indefinitely. I had 1 or 2 stellar reviews, the rest were good enough. In those 11 years, my pay increased a total of about $15k. So good enough for me since it stayed above inflation, I can cover expenses, and I could take vacations for the first time ever.
This year I moved and had to find new work. We parted on good terms and I got a generous 3 month severance, so to their credit, my employer was way more generous that most companies, and i was not thrilled about losing that job.
But after 5 months, 400 applications and 3 dozen interviews, I finally landed a new job. Work-wise, it's a lateral move, and I'll be doing similar work. However, I'm now paid $25k more than my previous salary, dwarfing all my pay raises over the last decade plus by a substantial amount. Even with cost of living adjustments, this is by far the most I have ever earned.
Lesson learned is always look for new opportunities, even if your job is good enough and your employer is solid. Even a good company is still, at best, paying you just enough to keep you there, but not enough to keep up with market demands. Your pay will never truly advance without job hopping.